December 7, 2012
Bangor paper to sell headquarters
The Bangor Daily News is preparing to sell its Bangor headquarters, according to The Bollard.
Media columnist Al Diamon reported that BDN Vice President Todd Benoit confirmed that the paper will put its 491 Main St. building on the market as its value has risen due to the neighboring development of Hollywood Casino and the new Cross Insurance Center Arena.
According to the city's tax assessment office, the paper's 3.4 acre property and building is assessed at nearly $2.5 million for 2013.
Benoit told The Bollard that management of the paper will begin looking for new office space in the coming months.
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